The Securities and Exchange Board of India on Monday told the Supreme Court the allegation that it has been investigating the Adani group of companies since 2016 was “factually baseless”.
In an affidavit, the market regulator told the court its previous investigation related to Global Depository Receipts was conducted against 51 Indian listed companies. However, no listed company of Adani Group was part of the said 51 companies.
After the completion of investigation, appropriate enforcement actions were taken in this matter, it said.
